Benteler says it will increase its focus on core automotive business, which accounts for around 80% of the supplier’s turnover, by divesting its Distribution division to the Van Leeuwen Pipe and Tube Group.
Benteler Distribution is an international distribution partner for steel tubes and associated services with around 1,600 employees.
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“It is part of our culture to consistently enhance our performance and improve our portfolio and business processes,” said Ralf Göttel.
“This enables us to develop and produce tailored solutions for our customers and to be successful in an intensely competitive environment. The Van Leeuwen Pipe and Tube Group is an ideal partner for this transaction and equipped to take over Benteler’s profitable distribution business.”
In the coming months, both companies will work to prepare a smooth transition.
The sale is subject to the approval of the competition authorities and is expected to be completed by the end of 2019.
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